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ID:
171649
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| Summary/Abstract |
This paper examines the importance of closer co-operation in defence-related procurement. Led by the decision that Belgium will lead the procurement of 12 Mine CounterMeasures Vessels (MCMV), the case of a potential Belgian naval construction cluster is discussed. The feasibility of a potential cluster is investigated by looking at key elements of a successful naval construction cluster, the Dutch naval construction cluster, and comparing those key elements to the current Belgian situation. Forming a sustainable Belgian naval construction cluster will be difficult. Most of the procurement process of the MCMVs is set on a European tender. In the long run, due to the absence of both a launching customer and leader firms, no party is able to carry the cluster with investments and knowledge spill-overs. In order to keep public support for large defence-related investments, clustering around the MCMV integration system and proactive cluster support is recommended.
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| 2 |
ID:
161815
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| Summary/Abstract |
Debates about industrial policy reveal disagreements on three salient issues. The first is whether government can overcome its own failures, namely knowledge constraints and rent-seeking, to correct market failures. The second is whether government should go beyond horizontal policies to adopt more activist interventions such as “winner-picking.” The third is whether intervention should follow or defy the country's comparative advantage. Singapore's experience in developing a globally competitive petrochemicals industry, within only a few decades and through vigorous interventions, provides meaningful insights into these debates and offers valuable lessons for developing countries. The lessons drawn from this paper suggest three fundamental principles for designing a promotion strategy and a strategic action framework for implementation.
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| 3 |
ID:
163509
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| Summary/Abstract |
We conduct the first econometric analysis of the determinants of the formation of Taobao villages, the rural e-commerce clusters recently appeared in China. We examine the roles of various factors such as location, education, transportation infrastructure, the structure of local economy, urban-rural income difference, local government policies and spillover from nearby Taobao villages in the formation of Taobao villages. We find that education plays an important and positive role in the formation of Taobao villages, while credit support for other businesses makes the formation of new Taobao villages less likely.
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